ApplicationsIn The News

Spring Buying Season Kicks Off With An Uptick In Purchase Applications Despite Climbing Interest Rates

Optimal Blue released its February 2024 Originations Market Monitor report, which reveals that the spring homebuying season has kicked off with a jump in monthly purchase mortgage locks. The seasonal spike in purchase locks propelled a net increase in origination activity, even as higher interest rates led to steep declines in mortgage refinances.

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